Wilder’s ASI Indicator as a Colored Price-Fluctuation Histogram

Summary

This note describes an indicator based on a formula by Welles Wilder. It combines a fluctuation indicator with a cumulative fluctuation index and presents price movement as a colored histogram.

The document identifies the indicator’s origin and says it was first implemented in MQL4 and published in 2016. It provides no formula details, parameter settings, chart interpretation guidance beyond the histogram description, or performance evidence. Readers therefore learn the indicator’s general purpose, but would need further documentation to reproduce its calculation or assess its usefulness in a trading strategy.

Key ideas

• The indicator is based on a formula attributed to Welles Wilder.
• It combines a fluctuation indicator with a cumulative fluctuation index.
• Price movement is displayed as a colored histogram.
• The document gives no calculation details or evidence of trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.